A well-known economist, Steve Hanke, has stirred up controversy by calling crypto investors “psychopaths.” He’s basing this claim on a new study from the University of Toronto that suggests crypto investors might be less analytical and more prone to “psychopathic traits” than the average person.
The Study’s Findings
The study, which involved over 2000 American adults, aimed to understand the personalities of long-term crypto investors. The researchers found that crypto holders scored lower on tests of analytical and scientific thinking and were more likely to exhibit traits associated with the “Dark Tetrad” – narcissism, psychopathy, sadism, and Machiavellianism.
Hanke’s Take
Hanke, who’s been a vocal critic of crypto for a while, shared the study’s findings on social media, agreeing with its conclusions. He even went as far as to say that crypto investors are “more likely to display psychopathic traits.”
The Crypto Community’s Reaction
Hanke’s comments have sparked outrage within the crypto community. Many people have called the study “inaccurate” and questioned its methodology. Some have even pointed out that the study was funded by a federal agency, suggesting a potential bias against crypto.
Others have taken a more sarcastic approach, pointing out that Hanke’s own profession, economics, also involves a fair amount of risk-taking and potentially questionable decisions.
The Debate Continues
This latest controversy highlights the ongoing tension between traditional finance and the world of crypto. While some see crypto as a revolutionary technology with the potential to change the financial system, others remain skeptical and view it as a risky and potentially dangerous investment.
It’s important to note that the study’s findings are just one piece of the puzzle. More research is needed to fully understand the relationship between personality traits and crypto investment. Ultimately, it’s up to each individual to decide whether they believe the study’s conclusions and whether they’re comfortable investing in crypto.
